Consider the following statements in respect of financial emergency under Article 360 of the Constitution of India: 1. A Proclamation of financial emergency issued shall cease to operate at the expiration of two months, unless before the expiration of that period it has been approved by the resolution of both houses of Parliament. 2. If any proclamation of financial emergency is in operation, it is competent for the President of India to issue directions for the reduction of salaries and allowances of all or any class of persons serving in connection with the affairs of the Union but excluding the Judges of the Supreme Court and the High Courts. Which of the statements given above is/are correct?
- A1 onlyCorrect
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
The correct answer is A because of the following reasons:
Statement 1 is correct. According to Article 360 of the Constitution, a proclamation of financial emergency must be approved by both Houses of Parliament within two months from the date of its issue. If not approved within this period, it ceases to operate.
Statement 2 is incorrect. During a financial emergency, the President has the power to issue directions for the reduction of salaries and allowances of all or any class of persons serving the Union. This power specifically includes the Judges of the Supreme Court and the High Courts. The statement in the question is wrong because it claims these judges are excluded from such salary reductions.
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